Category: Articles

Business is hard. No. Brutal is more like it. Nobody would do it if they weren’t fully committed. And nobody is fully committed unless they really want it. Do your thing. Do you. Nothing else will keep your focus. #takerisksbeyou

It all started with a text message. A friend of mine sent me a message that read: “Buy as much Bitcoin as you can afford. Until you can’t afford to buy anymore.”

I had been watching cryptocurrencies for about a year, in amusement. As a finance professor I was initially skeptical. Everybody in the financial world was. I had initially heard of Bitcoin a number of years ago, while a Ph.D. student, and didn’t think much about it until early last year.

Welcome to the entrepreneurial race. President Obama declared we are now faced with the current generation’s “Sputnik moment.” How America responds to the marching orders for entrepreneurism will impact all of us. Success will require that we recognize the challenges and adapt to the demands. Most of all, it will require that we set our priorities straight, sacrifice and have patience.

While the economic climate in the United States remains uncertain, economists and pundits alike continue to define our recent fiscal crisis with words like recession, downturn and depression. But labeling America’s current financial woes should not be the focus for Americans as the overall economy struggles to free itself from its malaise. What really matters is how the current circumstances affect you and what they mean to your future.

One can’t help but notice the extent to which the Internet has begun to affect our lives, business, and the law. Everything from sports and news, to business and commerce can be found on-line. These technological advancements have also begun to affect the financial and securities industry. For example, in recent years, securities news groups have flourished. These news groups consist of people who communicate on various subjects through electronic mail. While the information transmitted varies in credibility, the groups continue to grow at a rapid pace.